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	BALANCE SHEET
	Consolidated Statement of Financial Position ($mm)
		Historical			Projected
	($mm)	FY2023	FY2024	FY2025	FY2026	FY2027	FY2028	FY2029	FY2030
	CURRENT ASSETS
	Cash & Cash Equivalents	64.7	56.7	52.2	49.7	55.0	66.1	87.1	110.5
	Accounts Receivable	57.9	61.4	64.3	67.8	71.7	75.8	79.2	84.6
	Inventory	38.5	39.8	41.4	42.6	44.7	46.9	48.7	50.5
	Prepaid & Other Current Assets	15	16	17	18	19	20	21	22
	Total Current Assets	176.0	174.0	174.9	178.1	190.5	208.8	236.0	267.5
	NON-CURRENT ASSETS
	Net PP&E	184.4	189.2	194.3	199.8	205.1	210.3	215.8	221.7
	Goodwill & Intangibles	120	118	115	112	109	106	103	100
	Other Non-Current Assets	45	47	50	52	54	56	58	60
	Total Non-Current Assets	349.4	354.2	359.3	363.8	368.1	372.3	376.8	381.7
	TOTAL ASSETS	525.4	528.1	534.1	541.9	558.6	581.1	612.7	649.2
	CURRENT LIABILITIES
	Accounts Payable	28.0	30.8	33.5	36.6	40.2	44.0	46.7	50.5
	Accrued Expenses	30	31	32	33	34	35	36	37
	Current Portion of Long-Term Debt	15	15	15	20	20	25	25	30
	Other Current Liabilities	25	26	27	28	29	30	31	32
	Total Current Liabilities	98.0	102.8	107.5	117.6	123.2	134.0	138.7	149.5
	NON-CURRENT LIABILITIES
	Long-Term Debt	220	205	190	165	145	115	90	55
	Other Non-Current Liabilities	35	34	33	32	31	30	29	28
	Total Non-Current Liabilities	255.0	239.0	223.0	197.0	176.0	145.0	119.0	83.0
	TOTAL LIABILITIES	353.0	341.8	330.5	314.6	299.2	279.0	257.7	232.5
	SHAREHOLDERS' EQUITY
	Common Stock & APIC	200	200	200	200	200	200	200	200
	Treasury Stock	(10)	(22)	(37)	(55)	(75)	(97)	(122)	(150)
	Retained Earnings	-17.5	8.3	40.7	82.3	134.4	199.1	277.1	366.7
	Total Shareholders' Equity	172.5	186.3	203.7	227.3	259.4	302.1	355.1	416.7
	TOTAL LIABILITIES & EQUITY	525.4	528.1	534.1	541.9	558.6	581.1	612.7	649.2
	BALANCE CHECK
	Assets - (Liabilities + Equity)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	Balance Status	OK	OK	OK	OK	OK	OK	OK	OK
	Notes:
	- Cash derived from Cash Flow Statement ending balance
	- Balance check should show OK (difference < $0.5mm due to rounding)
	- Retained Earnings = Prior RE + Net Income - Dividends